Declines Temporary for Dell Inc (NASDAQ:
DELL) Says Market Timer Frank Kollar
June 24, 2010 (FinancialWire) (By Frank Kollar)
Shares of Dell Inc (NASDAQ: DELL) have pulled back this
week from what appeared to be the start of a nice rally.
With highs at about $14.25, Dell has declined some 3%
by the close on Wednesday, June 23.
Look for the advance to resume in coming days with a target
from $15.00 to $15.60 a share.
If Dell reaches the $15.60 level, look for profit taking
to again slow things down. A solid close above this level
would likely push prices up to the $17.00 level in coming
weeks.
If Dell pulls back from current levels, the $13.20 level
becomes critical. A close below $13.20 could result in
a test of the prior lows around $12.50 a share.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com)
which offers market timing strategies for S&P and
Nasdaq index fund traders, as well as bond, gold, small
cap, sector, ETF and stock trading strategies.
Kollar’s research has shown
that the financial markets are in tradable trends approximately
80 percent of the time. FibTimer strategies define trends
and trade them in both advancing and declining markets.
Caring nothing about what newscasters say or what the
latest economic indicator predicts, trends are where
the profits are, and that is where FibTimer is.
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